Counterparty / Bitcoin

XCPBTC

In an effort to bring back volume to the point of control I believe XCP may bounce from these current levels. Along with divergence and with the markets currently stupid this may take a month or two to play out.

Match of patterns found right before the most recent large spike, following patterns suggest a huge breakout soon, it has passed the first fib retracement line I placed to estimate profits. Zoom in, out, and around for yourself if you'd like to see where I've marked the point where the price will go.

Counterparty looks like it's been heavily accumulated in the indicated areas, and just broke through historical resistance by chewing through over 150BTC in sells. This is likely headed much higher. First target is .01, followed by testing historical resistance at .02 and then .04. Bitcrystals and Spells of Genesis ...

I've always been intrigued by Counterparty (XCP) and from what I've heard in positive discussion it seems primed for liftoff. With the recent Monero rocket, we have a good precedent for how relatively well developed coins can take a big step forward in their ratio against $BTC. This probably won't happen as quickly ...

XCP shows interesting tailing trend similarity compared to STORJ shown with red line with which they have a collaboration. As storj shows promise to break ascending triangle, and xcp shows similar but delayed ascending triangle, I will be adding to my longs on both.
Background: smart contracts on bitcoin ...

XCP got the fundementals to break above the triangle. when we break 53, its much likely we also break 64 and hit around 83k. Altough of the good fundementals and technicals, Im slightly Bullish to neutral, since there is big BTC move upcoming in a few days

xcp long term downtrend was broken on highest volume of all time. Then tested again on weekly.
It's high risk asset with low volume but high reward possible with a small position.
Support is currently found at 0.003